(xiv) Provisions and Contingent Liabilities:

Provisions are recognised when the Company has a present legal or constructive obligation as a result of past events, for which
it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable
estimate of the amount can be made.

Provisions are measured at the present value of management's best estimate of the expenditure required to settle the present
obligation at the end of the reporting period. The discount rate to determine the present value is a pre-tax rate that reflects
current market assessments of the time value of money and the risks specific to the liability. The increase in the provision due to
the passage of time is recognised as interest expense.

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be
confirmed only by the occurrence or non occurrence of one or more uncertain future events not wholly within the control of the
company or a present obligation that arises from past events where it is either not probable that an outflow of resources will be
required to settle or a reliable estimate of the amount cannot be made.

(xv) Cash and cash equivalents:

Cash and cash equivalents includes cash and cheques on hand, current accounts and fixed deposit accounts with banks with
original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an
insignificant risk of changes in value.

(xvi) Earning per share (basic and diluted):

Earning per share is calculated by dividing the profit attributable to owners of the company by the weighted average number of
equity shares outstanding during the financial year.

(ii) Since the Company doesn't meet its applicability criteria for CSR Provisioning, Section 135 of companies act is not applicable

(iii) There are no proceedings initiated or are pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act,

19&8 (45 of 1988) and rules made thereunder

(iv) The Company has not been sanctioned working capital from banks or financial institutions on the basis of security of current assets at any point of time
during the year.

(v) The Company did not have any transactions with Companies struck off under Section 248 of Companies Act, 2013 or Section 560 of Companies Act,
1956 considering the information available with the Company.

(vi) There are no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013 during the year.

(vii) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other
person(s) or entities), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary
shall (i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate
Beneficiaries) or (ii) provide any guarantee, security or the Ike to or on behalf of the Ultimate Beneficiaries.

(viii) The company has also not received any fund from any person(s) or entities), including foreign entities (Funding Party) with the understanding (whether
recorded in writing or otherwise) that the company shall (i) directly or indirectly lend or invest in other persons or entities identified in any manner
whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or (ii) provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.

(ix) The Company do not have any transaction which are not recorded in the books of accounts that has been surrendered or disclosed as income in the tax
assessments under the Income Tax Act, 1961 during any of the years.

(x) The Company did not trade or invest in Crypto Currency or virtual currency during the financial year. Hence, disclosures relating to it are not applicable.

(xi) The company is not declared wilful defaulter by any bank orfinancial Institution or other lender.

Note 25: Other Disclosure

(i) The Company had purchased cotton from Cotton Corporation of India and paid in advance for the same but Cotton Corporation of India(CCI) supplied
poor quality of material due to which the Company had raised a demand Rs. 180 per candy for the price difference. In 2006, the arbitration award was
concluded in favour of CCI, wherein the company challenged such order in City Civil Sessions Judge, Bangalore. The case was so dismissed in favour of
CCI. Presently, The company has challenged such order & the matter is now in the High Court. The company is confident of winning the case in its
favouor. An execution petition has been filed by CCI for an amount of Rs.7,03,12,476.47 in the Prinicipal District & Sessions Judge, Mysuru.

The Loans and Advance to Cotton Corporation of Rs. 63,90,000/- being in dispute pertaining to earlier years, a provision for the same has been made in
the year 2022-23 and the same is continued. Balance litigated amount of Rs.6,39,22,746 has been dislclosed as Contingent Liability.

(ii) The Company’s Registrar and Transfer Agent for ail maters related to share transfers, dematerialization, dividends etc. is Klin Technologies Private
Limited.

(iii) Loan from related party pertains to unsecured interest free loan from Pasari Exports Limited, the Parent Company, T.K.R Textiles Ltd, the Associate
Company and from Directors and their relatives. Company has not executed agreement for the unsecured loan obtained.

(vi) TDS receivable for the year FY 2021-22,FY 2022-23 and FY 2024-25 is subject to reconciliation.

(vii) Except forthe figures of the Basic and Diluted EPS, all amounts are in Thousands

As per our report of even date

For Rao and Emmar For PASARI SPINNING MILLS LIMITED

Chartered Accountants
Firm Registration No. 003084S

PraveenBJ Krishna Kumar Gupta Tarun Kumar Gupta

Partner Managing Director Chief Financial Officer

Membership No. 215713 DIN: 00003880

Place: [Bangalore Poonam Gupta

Date: May 29, 2025 Director

DIN:08447607